Financed ProjectsExpobank

Identification Code:

OP/07/0670

Total Operation Cost:

26.000.000

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

Participation in the amount of up to USD 8 million in a USD 26 million Trade Related Syndicated Term Loan to Expobank. To finance and re-finance the Borrower's clients trade finance contracts.

Countries of Operation:

Russia (100,00 %)

Financial Product:

Loans

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Expobank is part of Petropavlosk Finance, a financial services holding company which includes also Asian-Pacific Bank, operating in the Russian Far East; and Kolyma-Bank, operating in Magadan region of Russia Expobank is one of the top 100 largest Russian banks. The bank is ranked 73 by total assets, 68 by total deposits attracted, 77 by corporate loans provided and 84 by equity. Its main business segments include corporate and retail banking, plastic cards, investments in securities and gold trading. At present the bank operates through its headquarters and 5 branches in Moscow, one branch in St. Petersburg and 25 regional outlets. The bank is rated B3 by Moody's with a stable outlook.

Co-Financiers/Participants:

COMMERZBANK AKTIENGESELLSCHAFT, RAIFFEISEN ZENTRALBANK OSTERREICH AG, ZAO RAIFFEISENBANK AUSTRIA, JSC VTB Bank, VTB Bank (Deutschland) AG, CREDIT EUROPE BANK Ltd., CLOSED JOINT STOCK COMPANY INTERNATIONAL MOSCOW BANK, Joint Stock Commercial Bank "YAPI KREDI BANK MOSCOW" (Closed Joint Stock Company)

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The proposed operation presents an opportunity for the Bank to expand its operations in the Russian banking sector providing credit to an eligible financial institution through syndication. The loan contributes to the business expansion of Expobank that will have a positive spill-over effect to its SME clientele, local traders and many individual retail clients that are the market's most dynamic element of growth. To facilitate economic development in member countries, BSTDB supports local financial intermediary and helps this key sector of the economy grow.

Environmental Classification and Impact (summary):

The Borrower is required to conduct its business with due regard to the environment and public occupational health and safety. The Borrower needs to observe the BSTDB Negative List of Products, including Environmental Exclusion List.

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org